Mistakes to be avoided While Applying for Overseas Education Loans

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Mistakes to be avoided while applying for
Overseas education loan
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01.
Choosing the nearest bank instead of the best one
02.
Getting Unsecured Loans despite having an asset
03.
Improper verification of Property Papers
04.
Not Consulting an Education Loan Advisor
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Choosing the nearest bank instead of the best one

• The Best Bank for Overseas Education
• Loan must be chosen which will suit
• your criteria and meet country-specific
• requirements as discussed below.

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Getting Unsecured Loans despite having an asset

• Having an asset such as a flat, house, shop etc.
  is a boon since you can get a secured education
  loan by keeping your asset as collateral. Your
  first preference must be a secured education loan
  and only if it is impossible to get due to lack
  of relevant asset, should you go for an unsecured
  loan.

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Improper verification of Property Papers

• Evaluation of property papers is a key step
  before you apply for an Overseas Education loan.
  You must ensure that your property papers are
  complete and authentic before you send them to
  the bank for verification otherwise the loan may
  not be sanctioned within time or is liable to be
  rejected.

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Not Consulting an Education Loan Advisor

• An Education Loan Advisor has expertise over
  these matters and ensures that all these factors
  are taken care of without hassle for the
  applicant. Complete Assistance for Overseas
  Education Loan Process is provided to the
  applicant taking into consideration the
  country-specific expenses and requirements.

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